BackECONOMY
Traders begin wheat exports after four-year hiatus on bumper crop
Traders have begun exporting wheat for the first time in four years as a bumper harvest and a rally in global prices and freight rates make shipments competitive for buyers in Asia and West Asia. ITC has begun loading 22,000 metric tonnes at Kandla port for shipment to the United Arab Emirates.
Why It Matters
The move signals a resumption of wheat trade from India amid favorable market conditions, potentially impacting regional buyers and prices.
Timeline
2 Events
ITC starts loading wheat at Kandla for UAE
May 04, 2026
Consumer goods conglomerate ITC has started loading 22,000 metric tonnes of wheat at the western port of Kandla for shipment to the United Arab Emirates, according to trade sources.
Wheat exports resume after four-year hiatus
May 04, 2026
Traders have begun exporting wheat for the first time in four years as a bumper harvest and a rally in global prices and freight rates make shipments of the staple competitive for buyers in Asia and West Asia.